Rabu, 10 Juni 2009

Nothing Is Working to Stabilize the Housing Market. So How About....

Nationally, housing prices are still falling, foreclosures are rising, and there's still an over supply of unsold new and existing homes. Mortgage rates are rising, putting into jeopardy pending contracts w/out ratelocks. Refi apps are going down. For the past couple of months, nearly 50% of all pending existing home sales have been foreclosures or short sales. Clearly, nothing is stopping

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